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Green Plains Inc.（GPRE）与Westlake Chemical Partners LP（WLKP）财务数据对比。点击上方公司名可切换其他公司
Westlake Chemical Partners LP的季度营收约是Green Plains Inc.的7.7倍（$323.0M vs $42.2M）。Green Plains Inc.净利率更高（28.3% vs 4.5%，领先23.8%）。Westlake Chemical Partners LP同比增速更快（11.4% vs 2.4%）。Westlake Chemical Partners LP自由现金流更多（$111.5M vs $62.0M）。过去两年Westlake Chemical Partners LP的营收复合增速更高（6.5% vs 0.8%）
绿原公司（Green Plains Inc.）2004年成立，总部位于美国内布拉斯加州奥马哈市，是北美第三大乙醇燃料生产商，年乙醇运输量约10亿加仑，现有员工约640人，目前在纳斯达克上市，股票代码GPRE。
Westlake Chemical Partners LP是一家石化领域有限合伙企业，主营乙烯、聚乙烯、苯乙烯单体等基础石化产品的生产与销售，核心市场覆盖北美地区，服务包装、建材、消费品、工业制造等下游行业客户。
GPRE vs WLKP — 直观对比
营收规模更大
WLKP
是对方的7.7倍
$42.2M
营收增速更快
WLKP
高出9.0%
2.4%
净利率更高
GPRE
高出23.8%
4.5%
自由现金流更多
WLKP
多$49.5M
$62.0M
两年增速更快
WLKP
近两年复合增速
0.8%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $42.2M | $323.0M |
| 净利润 | $11.9M | $14.5M |
| 毛利率 | 95.1% | 30.0% |
| 营业利润率 | -24.9% | 27.8% |
| 净利率 | 28.3% | 4.5% |
| 营收同比 | 2.4% | 11.4% |
| 净利润同比 | 121.7% | -3.0% |
| 每股收益（稀释后） | $0.26 | — |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收GPREWLKP
| Q4 25 | $42.2M | $323.0M | ||
| Q3 25 | $44.7M | $308.9M | ||
| Q2 25 | $66.2M | $297.1M | ||
| Q1 25 | $35.8M | $237.6M | ||
| Q4 24 | $41.2M | $290.1M | ||
| Q3 24 | $39.1M | $277.0M | ||
| Q2 24 | $41.1M | $284.2M | ||
| Q1 24 | $41.6M | $284.7M |
净利润GPREWLKP
| Q4 25 | $11.9M | $14.5M | ||
| Q3 25 | $11.9M | $14.7M | ||
| Q2 25 | $-72.2M | $14.6M | ||
| Q1 25 | $-72.9M | $4.9M | ||
| Q4 24 | $-54.9M | $15.0M | ||
| Q3 24 | $48.2M | $18.1M | ||
| Q2 24 | $-24.4M | $14.4M | ||
| Q1 24 | $-51.4M | $14.8M |
毛利率GPREWLKP
| Q4 25 | 95.1% | 30.0% | ||
| Q3 25 | — | 32.2% | ||
| Q2 25 | 62.8% | 32.8% | ||
| Q1 25 | 8.5% | 22.8% | ||
| Q4 24 | 14.9% | 34.0% | ||
| Q3 24 | — | 42.2% | ||
| Q2 24 | 92.0% | 35.6% | ||
| Q1 24 | 20.1% | 35.9% |
营业利润率GPREWLKP
| Q4 25 | -24.9% | 27.8% | ||
| Q3 25 | 75.7% | 29.8% | ||
| Q2 25 | -42.9% | 30.7% | ||
| Q1 25 | -173.7% | 19.6% | ||
| Q4 24 | -99.2% | 31.7% | ||
| Q3 24 | — | 39.6% | ||
| Q2 24 | -43.1% | 32.9% | ||
| Q1 24 | -108.0% | 33.4% |
净利率GPREWLKP
| Q4 25 | 28.3% | 4.5% | ||
| Q3 25 | 26.7% | 4.7% | ||
| Q2 25 | -109.1% | 4.9% | ||
| Q1 25 | -203.4% | 2.1% | ||
| Q4 24 | -133.2% | 5.2% | ||
| Q3 24 | 123.4% | 6.5% | ||
| Q2 24 | -59.2% | 5.1% | ||
| Q1 24 | -123.7% | 5.2% |
每股收益（稀释后）GPREWLKP
| Q4 25 | $0.26 | — | ||
| Q3 25 | $0.17 | — | ||
| Q2 25 | $-1.09 | — | ||
| Q1 25 | $-1.14 | — | ||
| Q4 24 | $-0.79 | — | ||
| Q3 24 | $0.69 | — | ||
| Q2 24 | $-0.38 | — | ||
| Q1 24 | $-0.81 | — |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $182.3M | $44.3M |
| 总债务越低越好 | $374.5M | — |
| 股东权益账面价值 | $766.2M | — |
| 总资产 | $1.6B | $1.3B |
| 负债/权益比越低杠杆越低 | 0.49× | — |
8季度趋势，按日历期对齐
现金及短期投资GPREWLKP
| Q4 25 | $182.3M | $44.3M | ||
| Q3 25 | $135.9M | $37.9M | ||
| Q2 25 | $108.6M | $36.6M | ||
| Q1 25 | $98.6M | $49.6M | ||
| Q4 24 | $173.0M | $58.3M | ||
| Q3 24 | $227.5M | $60.2M | ||
| Q2 24 | $195.6M | $66.0M | ||
| Q1 24 | $237.3M | $55.8M |
总债务GPREWLKP
| Q4 25 | $374.5M | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $437.8M | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益GPREWLKP
| Q4 25 | $766.2M | — | ||
| Q3 25 | $768.9M | — | ||
| Q2 25 | $735.2M | — | ||
| Q1 25 | $797.5M | — | ||
| Q4 24 | $865.2M | — | ||
| Q3 24 | $925.5M | — | ||
| Q2 24 | $867.4M | — | ||
| Q1 24 | $887.5M | — |
总资产GPREWLKP
| Q4 25 | $1.6B | $1.3B | ||
| Q3 25 | $1.5B | $1.3B | ||
| Q2 25 | $1.6B | $1.3B | ||
| Q1 25 | $1.7B | $1.4B | ||
| Q4 24 | $1.8B | $1.3B | ||
| Q3 24 | $1.8B | $1.3B | ||
| Q2 24 | $1.8B | $1.3B | ||
| Q1 24 | $1.8B | $1.3B |
负债/权益比GPREWLKP
| Q4 25 | 0.49× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.51× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $67.3M | $120.4M |
| 自由现金流经营现金流 - 资本支出 | $62.0M | $111.5M |
| 自由现金流率自由现金流/营收 | 146.9% | 34.5% |
| 资本支出强度资本支出/营收 | 12.6% | 2.7% |
| 现金转化率经营现金流/净利润 | 5.64× | 8.28× |
| 过去12个月自由现金流最近4个季度 | $73.7M | $201.7M |
8季度趋势，按日历期对齐
经营现金流GPREWLKP
| Q4 25 | $67.3M | $120.4M | ||
| Q3 25 | $39.8M | $105.2M | ||
| Q2 25 | $58.8M | $9.1M | ||
| Q1 25 | $-55.0M | $45.8M | ||
| Q4 24 | $-27.0M | $132.5M | ||
| Q3 24 | $62.7M | $126.1M | ||
| Q2 24 | $-15.1M | $121.9M | ||
| Q1 24 | $-50.6M | $104.6M |
自由现金流GPREWLKP
| Q4 25 | $62.0M | $111.5M | ||
| Q3 25 | $35.8M | $75.6M | ||
| Q2 25 | $47.7M | $-15.3M | ||
| Q1 25 | $-71.8M | $29.8M | ||
| Q4 24 | $-54.2M | $119.0M | ||
| Q3 24 | $34.4M | $110.5M | ||
| Q2 24 | $-32.8M | $111.7M | ||
| Q1 24 | $-72.4M | $94.8M |
自由现金流率GPREWLKP
| Q4 25 | 146.9% | 34.5% | ||
| Q3 25 | 79.9% | 24.5% | ||
| Q2 25 | 72.0% | -5.2% | ||
| Q1 25 | -200.2% | 12.6% | ||
| Q4 24 | -131.5% | 41.0% | ||
| Q3 24 | 88.0% | 39.9% | ||
| Q2 24 | -79.8% | 39.3% | ||
| Q1 24 | -174.2% | 33.3% |
资本支出强度GPREWLKP
| Q4 25 | 12.6% | 2.7% | ||
| Q3 25 | 9.0% | 9.6% | ||
| Q2 25 | 16.8% | 8.2% | ||
| Q1 25 | 46.6% | 6.7% | ||
| Q4 24 | 66.1% | 4.6% | ||
| Q3 24 | 72.6% | 5.6% | ||
| Q2 24 | 43.0% | 3.6% | ||
| Q1 24 | 52.4% | 3.4% |
现金转化率GPREWLKP
| Q4 25 | 5.64× | 8.28× | ||
| Q3 25 | 3.33× | 7.18× | ||
| Q2 25 | — | 0.62× | ||
| Q1 25 | — | 9.25× | ||
| Q4 24 | — | 8.83× | ||
| Q3 24 | 1.30× | 6.95× | ||
| Q2 24 | — | 8.45× | ||
| Q1 24 | — | 7.05× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
GPRE
| Products And Services Other | $26.6M | 63% |
| Distiller Grains | $15.0M | 36% |
| Agribusiness And Energy Services | $667.0K | 2% |
WLKP
| Affiliated Entity | $296.9M | 92% |
| Nonrelated Party | $26.2M | 8% |
